Consumer prices in South Korea increased by 1.4 percent year-on-year in February of 2018, following a 1.0 percent rise in the previous month and compared to market expectations of 1.2 percent. Core CPI, which excludes oil and agricultural products, rose 1.2 percent, following a 1.1 percent increase in January. On a monthly basis, consumer prices climbed 0.8 percent after rising 0.4 percent in the previous month and compared to expectations of a 0.5 percent increase. Inflation Rate in South Korea averaged 7.41 percent from 1966 until 2018, reaching an all time high of 32.50 percent in October of 1980 and a record low of 0.20 percent in February of 1999.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

South Korea Inflation Rate Rises More than Estimated

Consumer prices in South Korea rose by 1.4 percent year-on-year in February 2018, after a 1.0 percent rise in the previous month. Figures came above market consensus of 1.2 percent, mainly due to a surge in cost of food & non-alcoholic beverages.

South Korea Inflation Eases to Lowest Since 2016
Consumer prices in South Korea increased by 1.0 percent year-on-year in January 2018, following a 1.5 percent rise in the previous month and compared to market expectations of 1.3 percent. It is the lowest inflation rate since August of 2016 as food cost declined for the first time in 2-1/2-years. Figures came well below the Bank of Korea's target of 2 percent.Published on 2018-02-01

South Korea Inflation Rate Climbs to 1.5%
Consumer prices in South Korea increased by 1.5 percent year-on-year in December 2017, following a 1.3 percent rise in the previous month and matching market expectations. The Bank of Korea's inflation target is currently 2 percent.Published on 2017-12-29

South Korea Inflation Rate Falls to 11-Month Low
Consumer prices in South Korea increased 1.3 percent year-on-year in November of 2017, easing from a rise of 1.8 percent in October and below market expectations also of 1.8 percent. It was the lowest inflation rate since December of 2016 amid lower prices of utilities and foods.Published on 2017-12-01

South Korea Inflation Rate Down to 10-Month Low of 1.8%
Consumer prices in South Korea increased 1.8 percent year-on-year in October of 2017, easing from a 2.1 percent rise in September and below market expectations of 1.9 percent. It is the lowest inflation rate so far this year amid a slowdown in prices of housing, utilities and food after cost of agricultural and meat products have begun to stabilize after a summer drought.Published on 2017-11-01

South Korea Inflation Rate

In South Korea, the most important categories in the consumer price index are Housing, water, electricity, gas and other fuels (17 percent of total weight) and Food and non-alcoholic beverages (13.6 percent of total weight). Others include Restaurants and hotels (12 percent); Education (11.4 percent); Transportation (10.9 percent); Health (7.3 percent); and Clothing and footwear (6.2 percent). The components with the least weight are Communication at 5.8 percent; Miscellaneous goods and services at 5.4 percent; Recreation and culture at 5.3 percent; Furnishings, household equipment and routine maintenance at 3.8 percent; and Alcoholic beverages and tobacco at 1.24 percent. This page provides the latest reported value for - South Korea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Inflation Rate - actual data, historical chart and calendar of releases - was last updated on March of 2018.